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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $143.63
- 2 Days on Market
- MLS # : 14494634
- Updated Date : 01/09/2021 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,409 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Stunning traditional surrounded by mature trees in the highly sought after GATED & GUARDED River Bend Estates! Minutes from downtown and easy access to DFW airport. Master suite with and spa like bath & access to private balcony. The perfect home for entertaining! Featuring formal dining & living with fireplace. Eat-in kitchen with dual islands, granite counters, opens to family room with fireplace.
SEE MORE
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: River Estates of Fort Worth
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: River Estates of Fort Worth
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,260 |
| EXPENSES | Loan Payment | -$1,202 |
| Property Tax | -$793 | |
| Property Insurance | -$166 | |
| HOA | -$200 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$200
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$346,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 3.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,440
LOAN DETAILS
$1,202
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,500 |
| Loan Amount | $259,500 |
1.33
YEARS SAVED
$2,578
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,807
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
5812 Forest Bend Place Fort Worth, TX 4
- 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $2,260
- $0.94
-
6632 Canyon Oak Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2000
![property image]()
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,795
- $0.79
-
924 Blackberry Trail Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2013
![property image]()
LEASED 05/03/20- Rent
- Rent Per SQFT
- $1,850
- $0.74
-
937 Glenndon Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2012
![property image]()
LEASED 12/21/19- Rent
- Rent Per SQFT
- $1,900
- $0.72
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14494634
Last Updated: 01/09/2021
